Which is more valuable circulated or uncirculated coins?

Uncirculated coins are generally more valuable than circulated coins due to their pristine condition and lack of wear. They are often sought after by collectors and investors, especially if they are rare or part of a limited mintage. Circulated coins, while still potentially valuable, typically have lower market value due to signs of use and wear. The premium on uncirculated coins can be significant, particularly for those in high demand.